Category: Reports

TUESDAY REPORT 3/05/2019

Tue, 5 Mar 2019

  Markets are consolidating their recent moves; there was little to update today. I get the sense that markets are awaiting another news event — namely direction concerning Trump’s trade war with China. A favorable deal for both parties would presumably increase commodity demand and global growth. That would have a positive effect on commodities. […]

Continue Reading →

THURSDAY REPORT 2/28/2019

Thu, 28 Feb 2019

  Several factors support February tops in both metals and miners. A 2 to 4 week correction into the March 20th Fed meeting seems fitting. There is significant support in gold between $1300 and $1310 that may prove challenging. Breaking that critical level would imply a March $1260 target.   -US DOLLAR- The dollar has […]

Continue Reading →

THURSDAY REPORT 2/14/2019

Thu, 14 Feb 2019

  Platinum remains the worst-performing precious metal. Prices are just above significant support at $750. If that level fails, then a decline to $650 is in the cards. Why is platinum out of favor – will it stay that way forever? At some point, something will cause a bottom and prices will rip to the […]

Continue Reading →

CLOSING UPDATE 2/13/2019

Wed, 13 Feb 2019

  CLOSING UPDATE 2/13/2019    Metals and Miners continued to sell down after their failed morning rallies. It looks like the bull flags have been abandoned. I entered new swing trades in DSLV and JDST. I continue to hold the January 31st, 2019 DWT trade. The New Gold Predict mobile app (iOS and Android) should […]

Continue Reading →

TUESDAY REPORT 2/12/2019

Tue, 12 Feb 2019

  The price action to start the week in metals and miners has been uninspiring. The potential flag patterns should have broken higher by now. Unless something changes quickly, the odds are beginning to favor abandoned bull flags and a breakdown. I want to see the overnight action, but I’m considering reapplying my short positions. […]

Continue Reading →

THURSDAY REPORT 2/07/2019

Thu, 7 Feb 2019

  We may see one more push higher in gold to test the $1350 to $1370 area. That may correspond with a decline in the general stock market and oil prices. I’ve been looking for oil to dip back down towards the $42.00 region in February or March. Progressive closes below $50.00 would reinforce that […]

Continue Reading →